LaserLock Technologies appoints new Chief Operating Officer

LaserLock Technologies has named Benjamin Burrell chief operating officer, effective immediately. With over a decade of experience implementing technology solutions in the financial services sector, Burrell most recently served as vice president of Americas at J.P. Morgan. As head of the middle office for agency clearing, collateral engagement and execution, he oversaw the teams responsible for the service delivery of technology-based financial services products to institutional clients. “Ben’s deep experience with technology products and serving clients in the banking industry,

LaserLock completes recapitalization, appoints new senior executives, rebrands

LaserLock Technologies, Inc. announced it has restructured its company, including the completion of recapitalization, appointing new senior management team, acquiring fundamental technology, and is in the process of changing its name to VerifyMe and ticker symbol to VRFY. The company has named key members of its senior management team, including Paul Donfried as the new CEO, Sandy Fliderman as chief technology officer and Jennica Hawkins as vice president of sales. “We are pleased to announce the restructuring. Our digital and

LaserLock to provide multi-factor authentication solution to major financial advisor

LaserLock Technologies announced it has signed a deal to license its VerifyMe Identity Services platform to a major financial services advisory company, which regularly updates holdings from thousands of institutions nightly. This marks the second customer LaserLock Technologies has announced in less than a month, following the signing of a 10-year, $7 million contract with a Mexican gaming company for its VerifyMe Identity and authentication services. LaserLock has not released the name of the financial services advisory company, which will

LaserLock signs $7M contract with Mexican gaming company for biometric authentication service

LaserLock Technologies has announced that it has signed a 10-year, $7 million contract with a Mexican gaming company for its VerifyMe Identity and authentication services. “This is a new milestone in our fight to deliver viable, strong authentication technology to the marketplace and speaks volumes to the underlying technology that makes up VerifyMe,” Neil S. Alpert, CEO of LaserLock said. “The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be

LaserLock looks to facial recognition for new identity verification system for internet gaming

LaserLock TechnologiesĀ has developed a solution, which includes biometrics, to verify the age of players on internet gaming platforms. As internet gaming has now become legal in Nevada, New Jersey and Delaware, with other states expected to follow, companies are increasingly faced with the challenge of establishing virtual identity verification processes to enforce underage restrictions and other ethical gaming issues. LaserLockā€™s system, through its VerifyMe platform, uses geo-location tracking as well as facial recognition via webcam for player verification. According to

LaserLock Technologies files provisional patent for verification system

LaserLock Technologies has filed a provisional patent applications for a Characteristic Verification System (CVS) which allows smart phones to simultaneously identify counterfeit products and protect against identity fraud. The CVS features LaserLock’s recently acquired VerifyMe biometric authentication technology, which powers this new system. According to the company, VerifyMe uses a variety of methods to quickly and accurately prove the identity of any human being. It can also uniquely serialize individual products allowing complete verification of provenance, pedigree and movement. LaserLock